STATEMENT ON BEHALF OF THE GROUP OF 77 AND CHINA BY THE DELEGATION OF IRAQ AT THE 2025 DEVELOPMENT COOPERATION FORUM (New York, 12 March 2025)

Mr. President, Excellencies, Ladies and Gentlemen,

I have the honor to deliver this brief intervention on behalf of the Group of 77 and China.

At this critical juncture, where global crises are deepening inequalities and reversing hard earned development gains, international cooperation must rise to meet the moment. The Development Cooperation Forum is a vital space for ensuring that global commitments translate into real impact for developing countries.

The Group urges developed countries to fulfill their longstanding ODA commitments and prioritize grants and concessional financing over loans, particularly for Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), and Small Island Developing States (SIDS).

As for enhancing Development Effectiveness, fragmentation in development financing continues to pose challenges for developing countries, increasing transaction costs and misaligning resources with national priorities. The Group calls on all development partners, including UN agencies, financial institutions, and bilateral donors, to align their assistance with country-led development plans, scale up budget support, and reverse the declining share of aid reaching developing countries.

The climate crisis disproportionately impacts developing countries, yet climate finance remains insufficient. Developing countries require accessible, grant-based funding for adaptation, mitigation, and loss and damage recovery.

Technology transfer must be scaled up to ensure sustainable industrialization, food security, and clean energy transitions in developing countries. We call for removing barriers that limit access to essential technologies.

The upcoming Fourth International Conference on Financing for Development presents an opportunity for meaningful reform of the international financial system. Governance structures of multilateral development banks must be reformed to better serve developing countries.

The Group strongly opposes coercive economic measures, including unilateral sanctions, which undermine national development efforts and the achievement of the SDGs.

Development cooperation must be centered on equity, country ownership, and the fulfillment of global commitments. The Group of 77 and China remains committed to constructively dialogue and to work towards find durable solutions and actions to ensure no one and no country is left behind.

I thank you.